The Montreux Healthcare Fund has secured a material upsizing to its current debt facility for the Active Care Group. The Facility, which will be secured at asset level, continues the current BlackRock European Middle Market Private Debt relationship with the addition of the global investment group Caisse de dépôt et placement du Québec (CDPQ). Rothschild & Co. offered strategic and debt advisory throughout the process.
The facility will allow the fund to spearhead a wide-ranging growth strategy laid out to investors on 11th February 2021, a plan which aims to increase the Active Care Group’s EBITDA by 40% in the next couple of years.
Oliver Harris, CEO, Montreux Capital Management (UK) stated: “Montreux Capital Management is pleased to deepen its relationship with the BlackRock European Middle Market Private Debt team and to add further collaboration with CDPQ. The relationship with these large institutional investors is a ringing endorsement for the Active Care Group’s strategy over the coming years as the business grows further.”
Hedley Goldberg, Global Head of Healthcare Services at Rothchild & Co. stated: “Active Care Group’s refinancing establishes a long-term, supportive capital structure for the business as it continues its expansion in order to meet demand for the critical services that it provides to those in its care. As part of the refinancing, CDPQ has joined BlackRock Asset Management as a lender to the Group, further enhancing the resources available to it. The transaction evidences the continued strong level of support available to high quality businesses within the UK healthcare services industry and
represents a key phase in Active Care Group’s evolution. We’re delighted to have provided the company with both strategic and debt advisory services, illustrating the integrated capabilities of our healthcare services advisory platform.”